Stockmann's outlook for 2021

Interim Management Statement Q1/2021, published on 30 April 2021:

Stockmann expects a clear increase to the Group revenue and the adjusted operating result to be clearly positive assuming that no major COVID-19 restrictions are imposed.

Previous guidance (published on 30.4.2021):
The prolonged COVID-19 pandemic gives rise to a lack of clarity in Stockmann’s business environment. As the outlook is unclear, Stockmann will provide a new guidance when the market visibility improves.

Uncertainty in the global economy is expected to persist throughout 2021, and the COVID-19 pandemic will continue to have a significant impact on the economy across the world, until the coronavirus situation is under better control. The retail market is expected to remain challenging due to changes in consumer behaviour and confidence, which are also affected by the coronavirus situation.

The Stockmann division will continue to execute the restructuring programme and Lindex to drive efficiencies and explore new growth opportunities.